A story about people sitting on $1.4 million in capital gains but who are afraid of paying $270K in taxes.http://www.sfchronicle.com/business/networth/article/Where-capital-gains-tax-slows-home-sales-and-6827358.php?t=c030d7b8210a4808f6&cmpid=twitter-premium …
@BenedictEvans @sbyrnes they should allow them to defer until they pass away and then appropriate a larger %
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@kimmaicutler@sbyrnes The UK system has no CGT for your home at all, but no tax deduction for mortgage payments either, to balance it out -
@BenedictEvans@sbyrnes no CGT probably fuels all those horrendous real estate flipping shows, which seemed more prevalent there than here. - 1 more reply
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@kimmaicutler@BenedictEvans@sbyrnes or 1031 exchanges for individualsThanks. Twitter will use this to make your timeline better. UndoUndo
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